Supplier of Last Resort for business energy customers When a business energy supplier fails, the immediate concern is always the same: will the gas and electricity stay on? The answer is yes. The Supplier of Last Resort mechanism ensures no business is left without electricity or gas when a supplier collapses. This guide covers everything businesses need to know, from how the process…
read more
British Industrial Competitiveness Scheme: What manufacturers need to know From April 2027, over 10,000 manufacturers will see their electricity bills cut under a new government scheme designed to tackle one of the biggest hurdles to British industrial competitiveness. This guide covers what the British Industrial Competitiveness Scheme (BICS) means for manufacturers, who qualify and how much eligible businesses could save. Contents What is the…
read more
TEM Energy: Innovative new model for business energy explained TEM Energy is making waves in the business energy market with claims of savings of up to 30% by bypassing the wholesale market entirely. Business owners are understandably curious and sceptical about how a new entrant can deliver prices that incumbents can’t match. This guide breaks down how TEM’s transaction engine and RED tariff work…
read more
What P442 and Licence Exempt Supply rules mean for business energy Businesses receiving power directly from small-scale electricity generators have long benefited from Licence Exempt Supply rules, which allow power to be supplied without paying the environmental levies that add around 5p/kWh to the cost of electricity in most energy tariffs. The P442 modification enables businesses using power from the grid to also benefit from a…
read more
Electricity interconnectors: How the British grid imports electricity Great Britain has some of the highest electricity generation costs in Europe. Undersea electricity interconnectors offer a solution by allowing the national grid to import cheaper French nuclear energy and Norwegian hydroelectricity. In 2024, the UK imported a record 43.7 TWh of electricity from neighbouring countries through international interconnectors, meeting 14% of overall demand for…
read more
Network Charging Compensation Scheme: What it covers and how it works British businesses pay the highest electricity costs in the developed world, and network charges are a major reason why. These charges fund the operation and expansion of the British electricity grid, and they have risen significantly in recent years to support the shift from fossil fuels to renewables. The Network Charging Compensation Scheme refunds up…
read more